Enough? - page 2. | Bitcointalksearch.org

DanWalker

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Quote from: fullhdpixel on February 19, 2023, 03:36:22 PM

Quote from: ilovealtcoins on February 19, 2023, 04:16:48 AM

If you want to keep your investment for the next 20 years, then I think you should stay with bitcoin, only bitoin is an asset worth trusting and living for so long. Don't invest in altcoin when it's a long term investment, ETH is good, but it's still centralized, so we can't trust it long term. Even BNB, I don't believe Binance can live another 20 years.

I'm a believer of facts and stats, so I wouldn't blatantly say things which are based solely on assumptions and not on current affairs and stats. If Bitcoin lives 20 more years, which is not that big of a period and it surely will, then bear in mind that it won't be alone. Maybe not a match for Bitcoin, but some altcoins like ETH are also worth something especially if you are active and knowledgeable about DeFi, GameFi, NFTs and any other sectors that are born recently but have become reasons for the speedy spreading of blockchain technology in the world.

I don't think Cristiano Ronaldo would ever think of partnering up with an exchange and let his huge fan following know about blockchain and digital collectibles if it wasn't because of NFTs.

So, even though Bitcoin is the largest and the most popular one, other cryptocurrencies also have some utility and importance in the wide world of blockchain technology.

To talk about altcoin, apart from Ethereum, I almost did not see any altcoin with utility or can be used to apply in practice as they advertise. What I see in the Altcoin market right now are pumping and dumping, nothing more than that. I do not deny that the cryptocurrency industry wants to develop, it will need altcoins, but now it is not the time to trust them, all is just a hyped and disappearing game. Crypto is still a more speculative market than creating the technologies of the future we still think.

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Quote from: Z390 on February 04, 2023, 02:40:22 PM

Is 0.1BTC a lot and enough for long-term holding?

Calculating bitcoins your assets are currently running at 0.1 = $2400. So you can feel free to do the following.
This 0.1 Bitcoin of yours means have you thought about how much wealth it will become in the future. You save a hardware wallet by holding it for the long term. Of course, by 2024, the value of this Bitcoin will be much higher, then your wealth will have gained 5-10 times. So you save the bitcoins by making a holding system for long term which will give you better income in future.

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Quote from: Wiwo on February 21, 2023, 04:59:03 PM

Proper management means a lot of thimgs and by saying that I mean the ability of ops not to panic at whatever market situation

Fair enough. I thought you meant investing that btc with 3rd parties to earn yield etc. Which is not necessarily a good idea.

Quote from: Wiwo on February 21, 2023, 04:59:03 PM

-0.1BTC may not be enough for someone to have a good financial life in any part of the world with the current global I inflation rate, but then if the price and amount accumulated to $24k you mentioned and ops is smart enough with that amount he can build a good and sustainable life but it requires a lot of hard and diversification's for that to be achieved.

Sure, but my point still stands. That hypothetical $24k is not enough to retire (if that's what OP meant). He would have to use that money to kick off some other project that either provides him a regular income or to multiply that into a more significant amount.

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Quote from: Wiwo on February 19, 2023, 03:55:52 PM

To a lot of people, 0.1 Bitcoin may be a lot of money and is enough investment amount and if properly managed it can amount to something substantial in the future because no one can tell the direction Bitcoin price is heading in the future.
-Take if you hold that amount of Bitcoin and in the next few years, bitcoin reaches $200,000 which is alot of accumulated profits for Bitcoin.
-When it comes to investing in bitcoin, it should be on a long-term basis, and the amount of accumulation in dollars cost does not matter, and what matters are the future price and the timeframe you can hold before considering selling.

0.1 would really be that huge in most people who are living on 3rd or developing countries on which even trying out to save on that portion cant really just that be so easy and this is why its
really that depending since not all would really be that financially capable on doing so but its not really that bad to make out some goals or you are setting plans specially on your Bitcoin holdings.
We do have different approach and actions to be made in life, even though its not something simple basing on what situation or status you do have now but it doesnt
mean that you should be stopping on wishing and hoping on reaching those goals you do have in mind.

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Quote from: pawel7777 on February 21, 2023, 04:49:20 PM

Quote from: Wiwo on February 19, 2023, 03:55:52 PM

()

What do you mean by "properly managed"? Investment in BTC is not supposed to be managed, just keep the custody and keep your keys secure.
And true to be told, even know anything is possible, it's very unlikely that BTC0.1 will be "enough".
OP didn't bother to properly explain what he meant by this, but if we assume that "enough" means achieving financial independence (i.e. being able to retire early), then we have to consider that BTC cannot sustain its past levels of growth (quite obviously). Even if it goes x10 (meaning it would roughly match the current global market cap of gold), the OP's investment would be worth ~$24k. Not enough to retire even in the poorest of the 3rd world countries.

Proper management means a lot of thimgs and by saying that I mean the ability of ops not to panic at whatever market situation by building a good knowledge that could guarantee financial independent thoughts outside market speculation and fuds.
-0.1BTC may not be enough for someone to have a good financial life in any part of the world with the current global I inflation rate, but then if the price and amount accumulated to $24k you mentioned and ops is smart enough with that amount he can build a good and sustainable life but it requires a lot of hard and diversification's for that to be achieved.

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Quote from: Wiwo on February 19, 2023, 03:55:52 PM

To a lot of people, 0.1 Bitcoin may be a lot of money and is enough investment amount and if properly managed it can amount to something substantial in the future because no one can tell the direction Bitcoin price is heading in the future.
-Take if you hold that amount of Bitcoin and in the next few years, bitcoin reaches $200,000 which is alot of accumulated profits for Bitcoin.
-When it comes to investing in bitcoin, it should be on a long-term basis, and the amount of accumulation in dollars cost does not matter, and what matters are the future price and the timeframe you can hold before considering selling.

What do you mean by "properly managed"? Investment in BTC is not supposed to be managed, just keep the custody and keep your keys secure.
And true to be told, even know anything is possible, it's very unlikely that BTC0.1 will be "enough".
OP didn't bother to properly explain what he meant by this, but if we assume that "enough" means achieving financial independence (i.e. being able to retire early), then we have to consider that BTC cannot sustain its past levels of growth (quite obviously). Even if it goes x10 (meaning it would roughly match the current global market cap of gold), the OP's investment would be worth ~$24k. Not enough to retire even in the poorest of the 3rd world countries.

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Quote from: nara1892 on February 19, 2023, 04:05:11 AM

Quote from: Raflesia on February 18, 2023, 05:01:50 PM

Indeed there are some things that can be gained with it but when saying enough I think as long as we become human beings with natural conditions which are basically greedy things like this are clearly still not enough especially if we say about a few years as you said of course we still won't think of it as sufficient because regardless of the conditions it is clear that as long as we can still do it, we will do it.

I agree with you, if it is measured from human nature that is greedy then there is no word enough, but if it is judged in terms of one's ability to hold it, then that amount is a sufficient amount. I completely understand when someone wants a larger amount than they are currently holding, because I feel the same way. But back again, why should we force ourselves when we can't? it would even make the situation worse in my opinion.

When I see conditions like this, I think that everything must go back to ability because indeed I always remember about the many people who say about investing as much as you can.
This is true because indeed if we always put forward conditions where we are greedy this can actually be good but we also don't need to force our will if we really can't do something like that because indeed it will only torture ourselves so do as much as you can when investing.

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To a lot of people, 0.1 Bitcoin may be a lot of money and is enough investment amount and if properly managed it can amount to something substantial in the future because no one can tell the direction Bitcoin price is heading in the future.
-Take if you hold that amount of Bitcoin and in the next few years, bitcoin reaches $200,000 which is alot of accumulated profits for Bitcoin.
-When it comes to investing in bitcoin, it should be on a long-term basis, and the amount of accumulation in dollars cost does not matter, and what matters are the future price and the timeframe you can hold before considering selling.

fullhdpixel

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Quote from: ilovealtcoins on February 19, 2023, 04:16:48 AM

If you want to keep your investment for the next 20 years, then I think you should stay with bitcoin, only bitoin is an asset worth trusting and living for so long. Don't invest in altcoin when it's a long term investment, ETH is good, but it's still centralized, so we can't trust it long term. Even BNB, I don't believe Binance can live another 20 years.

I'm a believer of facts and stats, so I wouldn't blatantly say things which are based solely on assumptions and not on current affairs and stats. If Bitcoin lives 20 more years, which is not that big of a period and it surely will, then bear in mind that it won't be alone. Maybe not a match for Bitcoin, but some altcoins like ETH are also worth something especially if you are active and knowledgeable about DeFi, GameFi, NFTs and any other sectors that are born recently but have become reasons for the speedy spreading of blockchain technology in the world.

I don't think Cristiano Ronaldo would ever think of partnering up with an exchange and let his huge fan following know about blockchain and digital collectibles if it wasn't because of NFTs.

So, even though Bitcoin is the largest and the most popular one, other cryptocurrencies also have some utility and importance in the wide world of blockchain technology.

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Quote from: pantek talacuik on February 18, 2023, 10:23:22 AM

Quote from: ilovealtcoins on February 18, 2023, 09:09:46 AM

Quote from: Z390 on February 04, 2023, 02:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

Even if you have less than 0.1 BTC, it is enough for you to hold for a long time, the amount doesn't matter, what matters is how long you can keep it. Because when you hold a little bitcoin, but if you can hold it for decades when bitcoin hits $1 million per bitcoin, then 0.01 BTC was already a huge amount at that time.

Wow, 0.1 Bitcoin is huge for me at this moment. if you can also be patient for the next 20 years I think you can buy what you want without thinking about the lack of money later. but you can try with other coins like Ethereum or BCS to take a chance too.

If you want to keep your investment for the next 20 years, then I think you should stay with bitcoin, only bitoin is an asset worth trusting and living for so long. Don't invest in altcoin when it's a long term investment, ETH is good, but it's still centralized, so we can't trust it long term. Even BNB, I don't believe Binance can live another 20 years.

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Quote from: Raflesia on February 18, 2023, 05:01:50 PM

Quote from: pantek talacuik on February 18, 2023, 10:23:22 AM

Wow, 0.1 Bitcoin is huge for me at this moment. if you can also be patient for the next 20 years I think you can buy what you want without thinking about the lack of money later. but you can try with other coins like Ethereum or BCS to take a chance too.

Indeed there are some things that can be gained with it but when saying enough I think as long as we become human beings with natural conditions which are basically greedy things like this are clearly still not enough especially if we say about a few years as you said of course we still won't think of it as sufficient because regardless of the conditions it is clear that as long as we can still do it, we will do it.

I agree with you, if it is measured from human nature that is greedy then there is no word enough, but if it is judged in terms of one's ability to hold it, then that amount is a sufficient amount. I completely understand when someone wants a larger amount than they are currently holding, because I feel the same way. But back again, why should we force ourselves when we can't? it would even make the situation worse in my opinion.

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Quote from: pantek talacuik on February 18, 2023, 10:23:22 AM

Wow, 0.1 Bitcoin is huge for me at this moment. if you can also be patient for the next 20 years I think you can buy what you want without thinking about the lack of money later. but you can try with other coins like Ethereum or BCS to take a chance too.

Indeed there are some things that can be gained with it but when saying enough I think as long as we become human beings with natural conditions which are basically greedy things like this are clearly still not enough especially if we say about a few years as you said of course we still won't think of it as sufficient because regardless of the conditions it is clear that as long as we can still do it, we will do it.

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Quote from: Z390 on February 04, 2023, 02:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

It's enough and a good start. The target should always be to accumulate atleast one Bitcoin and starting with 0.1 BTC will give you the motivated to do better in the future. If 0.1 BTC is all your pockets can afford then go for it and not hesitate. Many won't be be able to achieve that amount of Bitcoin in the future as it'll be in its thousands when Bitcoin eventually cross the $100k price.

Don't just think buying 0.1 BTC will make you rich in the future, understand that you're getting only 10% of whatever the price for Bitcoin is when that amount is been held in your wallet. If Bitcoin is trading at $10k then your investment would be worth $1k therefore having just 0.1 shouldn't be your final target instead strives to get more money and invest more.

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Quote from: Z390 on February 04, 2023, 02:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

We cannot predict the future; I mean we cannot estimate what higher value bitcoin will have in future. Also no one could estimate your need for your life. So, it would be a wise decision to keep on buying bitcoin whenever you are having excess funds. If you plan to start on some big investment with bitcoin then I agree that 0.1 BTC is good enough for anyone to begin with. But, you must keep on buying at regular or random interval until you find bitcoin market is trading stable or until 99.9% of bitcoin's total supply will be mined out.

Due to Bitcoin's deflation characteristic, we cannot estimate how long bitcoin market will keep on appreciating and achieve some stableness. So, keep on investing for next few decade will be definitely profitable for all long term holder.

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Quote from: ilovealtcoins on February 18, 2023, 09:09:46 AM

Quote from: Z390 on February 04, 2023, 02:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

Even if you have less than 0.1 BTC, it is enough for you to hold for a long time, the amount doesn't matter, what matters is how long you can keep it. Because when you hold a little bitcoin, but if you can hold it for decades when bitcoin hits $1 million per bitcoin, then 0.01 BTC was already a huge amount at that time.

Wow, 0.1 Bitcoin is huge for me at this moment. if you can also be patient for the next 20 years I think you can buy what you want without thinking about the lack of money later. but you can try with other coins like Ethereum or BCS to take a chance too.

ilovealtcoins

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Quote from: Z390 on February 04, 2023, 02:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

Even if you have less than 0.1 BTC, it is enough for you to hold for a long time, the amount doesn't matter, what matters is how long you can keep it. Because when you hold a little bitcoin, but if you can hold it for decades when bitcoin hits $1 million per bitcoin, then 0.01 BTC was already a huge amount at that time.

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Quote from: Yamifoud on February 16, 2023, 04:16:17 PM

Quote from: Z390 on February 04, 2023, 02:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

Just consider your capacity to hold OP. Because you don't need to push yourselves to invest beyond the amount that you can afford to lose and if you think that 0.1BTC is enough, then that is enough. You can increase your limit in the future when you think you can manage it and of course, when you have extra money to risk as well. Honestly, 0.1BTC is big enough for a casual investor even like me. Though we think that holding a lot of Bitcoin can make us more profitable but we also consider our position if we can make it.

Our greed never bottoms, so how much investment is enough depends on each person's finances, no one is the same. In my country, 0.1 BTC with a current value of 2k5$ is not a small amount, with that amount would be equal to the base salary of a worker for 1 year of work. Not everyone can get that money.
And you're right, more or less it doesn't matter as long as we don't exceed the amount we can't lose, and should be satisfied with what we have, sometimes excessive greed will pay the price.

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Quote from: Z390 on February 04, 2023, 02:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

The potential for bitcoin to skyrocket is enormous because now more and more countries are legalizing bitcoin, moreover many large companies are also continuing to develop bitcoin so it is only natural that one day the price of bitcoin will become very expensive, some even predict that by 2030 the price of 1 btc can reach $1 million, if we have 0.1 btc and the price of 2030 is $ 1 million then we have $ 100k, and I think this is a good start to invest, as long as we hold it then the opportunity for profit.

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Quote from: Z390 on February 04, 2023, 02:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

0.1 is better rather than on having none at all. 0.1 BTC now = to 2500usd as of this writing.If you've been able to successful reach out this number on the time in the future then for sure it isnt something these numbers would really be the same but rather it might be already high but of course accumulating phase would be much harder because we know that more expensive it would be the lesser satoshis you would be able to buy.
This is why it would really be that situational if we do speak about accumulating of coins for long term but somehow dont lose hope because there's always a chance on everything.
Stick into your goal and you would be finding out that it would really be something making a good result.

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Quote from: Z390 on February 04, 2023, 02:40:22 PM

Is 0.1BTC a lot and enough for long-term holding? I calculate my extra income that I use for DCA and I feel like this is the range of BTC I will end up owning on the long run, anything more will put me in a very tight position or maybe I need to upgrade my side job to earn more for investing into Bitcoin. What do you feel about this? 0.1 BTC good enough or not.

Just consider your capacity to hold OP. Because you don't need to push yourselves to invest beyond the amount that you can afford to lose and if you think that 0.1BTC is enough, then that is enough. You can increase your limit in the future when you think you can manage it and of course, when you have extra money to risk as well. Honestly, 0.1BTC is big enough for a casual investor even like me. Though we think that holding a lot of Bitcoin can make us more profitable but we also consider our position if we can make it.

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